About

About

About

About

TerraForm Power is an owner and operator of a best-in-class, 4,220 MW renewable power portfolio including solar and wind assets in North America and Western Europe. These premier assets are underpinned by long-term contracts that produce stable cash flow.

TerraForm Power is ideally positioned to capitalize on the growth in renewable power generation. TerraForm Power has considerable potential to grow both organically and through the acquisition of new facilities, including through its sponsor and majority shareholder Brookfield Asset Management.

Brookfield Asset Management is a leading global alternative asset manager with more than $515 billion of assets under management. Brookfield offers deep renewable sector expertise, a track record as a cornerstone investor aligned with other stakeholders, and a longstanding and experienced management team.

TerraForm Power will focus on acquiring, owning and operating solar and wind assets in North America and Western Europe.

Management Team

John Stinebaugh brings over 20 years of infrastructure and power expertise to his role as Chief Executive Officer of TerraForm Power. Mr. Stinebaugh is a Managing Partner with Brookfield. In this capacity, he has held a number of senior roles responsible for sourcing investment opportunities and overseeing operations including oversight of Brookfield’s infrastructure debt business, Chief Operating Officer and Chief Financial Officer of Brookfield Property Group, and Chief Financial Officer and Head of North America for Brookfield Infrastructure Group.

Prior to joining Brookfield, Mr. Stinebaugh worked at Credit Suisse Securities in the energy group with responsibility for mergers and acquisitions and leveraged financings.
He received a chartered financial analyst designation in 1995 and graduated with honors with a degree in economics from Harvard University.

Michael Tebbutt is the Chief Financial Officer for TerraForm Power. Mr Tebbutt has held senior positions in Brookfield and was most recently the Chief Financial Officer at Brookfield Properties in its U.S. retail business with overall responsibility for the group's finance, reporting, tax and treasury activities. Prior to this role, Mr. Tebbutt was the Vice President of Finance and Chief Financial Officer of Brookfield Infrastructure Asia Pacific’s operations.

Mr. Tebbutt holds a Bachelor of Business from the University of Technology Sydney (UTS) and is a Chartered Accountant.

Mr. Fyfe is a Vice President of Brookfield Asset Management Inc. ("Brookfield") and currently serves as the General Counsel of the Company. In that capacity, he has overall responsibility for the legal function of the Company, which includes overseeing all corporate governance, public company, and transaction execution matters. Mr. Fyfe has held a number of positions in Brookfield’s renewable power business. Prior to joining Brookfield in 2014, Mr. Fyfe worked at leading law firms in New York, London and Toronto, where he focused on the renewable energy sector. Mr. Fyfe holds an LL.B and B.C.L. from McGill University.

Kim Osmars is the Chief Operating Officer of TerraForm Power and is responsible for all operations of the company.

With over 35 years of experience, Mr. Osmars brings a deep operating expertise to his role having held a number of leadership roles at both TerraForm Power as well as Brookfield Renewable Partners, where he helped the companies achieve track records of driving value through growth initiatives, cost savings, business development and mitigating risks inclusive of his supervision of the Health, Safety, Security & Environment (HSSE) function.

He joined TerraForm Power in October 2017 as Senior Vice President of Operations. Prior to that, he was the Senior Vice President of Business Development for Brookfield Renewable Partners from June 2016 to October 2017. Prior to June 2016, he served as the Regional Chief Operating Officer (COO) – West, for Brookfield Renewable Partners, where he was accountable for the safe and effective operations of hydro and wind generating assets, and the project development and construction of new renewable energy initiatives in the western half of North America. Kim was appointed to this position in May 2014.

Kim has a Bachelor of Science degree from Lakehead University and a Masters of Business Administration from York University.

Board of Directors

Brian Lawson is a Vice Chair of Brookfield Asset Management. In this role, he provides guidance and advice on the company’s finance and risk management activities.

Since joining Brookfield in 1988, Mr. Lawson has held a number of senior management positions in Brookfield’s investment and finance operations, including serving as CFO of Brookfield Asset Management from 2002 to 2020. In 2013, he was named Canada’s CFO of the Year by PwC, FEI Canada and Robert Half International.

Mr. Lawson is a member of the Governing Council of the University of Toronto and Chair of the board of directors of the Community Food Centres Canada. He and his wife support a number of initiatives focused on transforming the food system for better human and planetary health.

Carolyn Burke is the Chief Financial Officer of the Chevron Phillips Chemical Company. Prior to this role, Ms. Burke worked at Dynegy Inc., most recently serving as Executive Vice President of Strategy and Administration, where she had oversight over the company’s strategic planning and M&A activities, human resources and information technology. While at Dynegy, Ms. Burke also served in variety of other executive roles, including Executive Vice President of Business Operations and Systems (including engineering, safety and environmental, supply chain and information technology), Chief Integration Officer and Chief Administration Officer, where she was responsible for investor relations, communications, regulatory affairs, information technology and human resources.

From 2008 to 2011, Ms. Burke served as Global Controller for the Investment Bank, Global Commodities division of JPMorgan Chase. From 2004 to 2008, Ms. Burke worked at NRG Energy as Vice President and Corporate Controller and Executive Director of Financial Planning and Analysis.

Ms. Burke holds an MBA in Finance and Strategic Planning from the Booth Graduate School of Business of the University of Chicago and a Bachelor of Arts in Economics and Political Science from Wellesley College.

Christian Fong is the President and Chief Executive Officer of Spruce Finance, Inc., a leading owner and operator of residential solar PV systems. He is also the Managing Partner of Fong Strategic Consulting L.L.C., where he serves as an executive consultant to real asset, cleantech and financial services firms. Mr. Fong co-founded Renewable Energy Trust Capital (“RET”) in 2010 and served in multiple executive roles through 2016, including as RET’s Chief Operating Officer, Chief Investment Officer and Chief Financial Officer and also as Director of RET. Prior to founding RET, Mr. Fong was a Managing Director and Head of Real Estate Capital Markets at AEGON / Transamerica and previously served as CEO of Corridor Recovery, Inc., as a consultant at McKinsey & Company, and as a candidate for Governor of Iowa.

Mr. Fong holds an M.B.A. with High Distinction from Dartmouth College’s Tuck School of Business, and a B.S. in Statistics, summa cum laude, from Creighton University. He has earned the CFA and CCIM designations.

Harry Goldgut is Executive Chairman of Brookfield’s infrastructure and power groups.

Mr. Goldgut, who has been with Brookfield since 1997, led the expansion of Brookfield’s renewable power and utilities operations, with primary responsibilities for strategic initiatives and senior regulatory relationships. He has played an active role in the restructuring of the electricity industry in Ontario, Canada, as a member of several governmental committees, including the Electricity Market Design Committee, the Minister of Energy’s Advisory Committee, the Clean Energy Task Force, and the Ontario Energy Board Chair’s Advisory Roundtable.

Mr. Goldgut attended the University of Toronto and holds an LL.B from Osgoode Hall Law School of York University.

Richard Legault is Vice Chairman of Brookfield Asset Management Inc. (“Brookfield”) and sits on several boards for the Brookfield group, including that of Isagen, the third largest power company in Colombia, and Westinghouse Corporation, one of the largest nuclear technology and services companies globally. He serves as the chair of the Risk Committee of Westinghouse Corporation.

From 2015 to 2018, Mr. Legault served as Executive Chairman of Brookfield Renewable Partners, one of the largest pure play, publicly traded, renewable power platforms globally.

Mr. Legault also serves as Chair of the Board of Force Avenir Inc. and as a Director of the Force Avenir Foundation, a non-profit organization that promotes student engagement and perseverance in schools and universities across the Province of Quebec, Canada.

Mac McFarland is currently the Executive Chairman of GenOn, and prior to this role he was President and CEO of GenOn.

Mr. McFarland previously served as Chief Executive Officer of Luminant, a subsidiary of Energy Future Holdings, from 2013 to 2016. From 2008 to 2013, Mr. McFarland served in a dual role as Chief Commercial Officer of Luminant and Executive Vice President, Corporate Development and Strategy, of Energy Future Holdings.

From 1999 to 2008, Mr. McFarland served in various roles at Exelon Corporation, including most recently as Senior Vice President, Corporate Development from 2005 to 2008 and Vice President, Exelon Generation from 2003 to 2005.

Mr. McFarland has more than 25 years of experience and has held numerous executive positions with a broad range of responsibilities including operations, finance, commodity risk management and mergers and acquisitions.

Sachin Shah is a Senior Managing Partner, Chief Executive Officer of the Brookfield Renewable Group and Chief Executive Officer of Brookfield Renewable Partners.

Mr. Shah joined Brookfield in 2002 and has held a variety of senior finance roles across the organization. In 2011, Mr. Shah became the Chief Financial Officer of Brookfield Renewable Partners and since that time has been instrumental in growing the platform into a global business diversified across multiple technologies.

He is on the board of the Ryerson University Brookfield Institute for Innovation and Entrepreneurship.

Mr. Shah holds a Bachelor of Commerce degree from the University of Toronto. He is a member of the Chartered Professional Accountants of Canada.